Global Semiconductor Selloff Pushes SK Hynix Shares 57% Below Peak
· Business · Bloomberg, Moneycontrol
A sharp global selloff in semiconductor stocks dragged South Korea's benchmark equity index down 8% on Thursday amid mounting investor exits from the artificial intelligence trade. Shares of SK Hynix Inc. and Samsung Electronics Co. tumbled over 9% each, while South Korea's stock exchange briefly halted trading for 20 minutes as selling accelerated. Japan's Nikkei 225 dropped more than 5%, with chip-related firms like Ibiden Co. and Kioxia Holdings Corp. leading the regional losses. The market downturn was fueled by investor anxiety over potential Federal Reserve interest rate hikes and broader difficulties in AI sector funding.
Why it matters
The sharp correction in major chipmaker stocks reflects growing investor skepticism over AI valuations and tighter macroeconomic liquidity conditions.
Read the original report — Bloomberg
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